Central Bank Watch
Bank Rossii: Policy Unchanged
November 12, 2012
Russia’s central bank has changed rates just once this year, a 25-basis point increase of the refinancing rate in September to 8.25% that reversed a similarly-sized cut last December. The single tightening came in response to concerns that elevated inflation could boost expected inflation and to make sure that didn’t happen. After the October meeting, […] More
New Overnight Developments Abroad - Daily Update
Investors Digesting Japanese and Chinese Data Releases
November 12, 2012
The dollar opened the week on a marginally negative footing versus commodity-sensitive currencies, dipping 0.4%, 0.3%, and 0.2% against the Australian, New Zealand and Canadian dollars. The dollar also edged 0.1% lower against the yen, yuan, and Swiss franc but firmed 0.1% relative to sterling. EUR/USD is unchanged. There are partial market closures to observe […] More
